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According to ChemAnalyst report,” India Polybutylene Terephthalate (PBT) Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030.” The demand for Polybutylene Terephthalate (PBT) in India is anticipated to grow at a healthy CAGR of around 5.25% in the forecast period on rising stress over making India a manufacturing hub to promote the domestic economy, thereby, leading to an enhanced consumption of PBT in electrical and electronic industries for production of finished goods. In addition, manufacturing of junction systems, sockets, fuse boxes and other elements in automotive industry acquires a significant demand for PBT in India. This demand is anticipated to witness gradual surge in the forecast period on high hopes of recovery in country’s overall economic value. The commercial preparation of PBT accounts for the synthesis of 1,4 Butanediol (BDO), Dimethyl Terephthalate (DMT) and Purified Terephthalic Acid (PTA). The product offers a valuable combination of technical properties with good processability, good economics and an incredible resistance to heat, chemicals and creep. Owing to its light weight and supreme properties as a thermoplastic, the consumption of PBT is anticipated to grow for extrusion applications in the coming years.

Browse Complete Report : https://www.chemanalyst.com/industry-report/india-polybutylene-terephthalate-pbt-market-82

Polybutylene Terephthalate finds more than 30 per cent consumption share in automotive industry. Bharat VI emission norm demanding the production of BS VI fuel compatible vehicles by April 1 2020 led to an appreciable recovery in the demand for PBT in the past few years owing to its high usage in production of various automotive parts as it offers high heat resistance and good processability.

Sudden Outbreak of Coronavirus in the final quarter of 2020 has caused an astonishing slump in the demand for ABS from automotive industry as several manufacturing industries induced halt in their production activities in response to the lockdown put up by the government to contain the spread of Coronavirus. This temporary turnaround in majority of the business segments across nation has further exacerbated the prolong downturn in the automotive sector. Hence, resulting a devastating decline in revenues from dive in sales of major companies at the back of severe economic crises. However, the downtrend in demand for PBT from the automotive industry is anticipated to recover in the coming years on increase in number of government initiatives like self-reliant India and relief budget for Covid-19, aiming to enhance the industrial manufacturing by providing relief funds to the companies in crises. In contrast, demand for PBT from electrical and electronic sector is expected to surge at a persistent pace on increased manufacturing of electronic and electrical goods in the domestic market after Coronavirus led to the disruption in trade dynamics in the initial phase. Moreover, high stress on making India a manufacturing hub is anticipated to cut the imports of finished electronic goods from China and other importing countries and thus, will provide a silver lining for the domestic manufacturers to widen their profit margins by catering to majority of the demand from the country. As PBT is widely consumed in the manufacturing of devices such as capacitors, connectors and cable enclosures in electrical and electronic industry, the increased manufacturing in this industry would directly bolster the consumption of PBT in India. Increasing demand for PBT for extrusion applications owing to its efficient properties as a thermoplastic, highlights potential growth in demand for PBT in the coming years.

According to ChemAnalyst report,” India Polybutylene Terephthalate (PBT) Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030.” In India, Toray Industries Private Limited is the only industry engaged in the manufacturing of PBR resin. Hence, due to limited manufacturing facilities, a high share of the domestic demand for PBT is catered through imports. Other players operating in India PBT Market include Chang Chun Plastics Co. Limited, Nantong Xingchen Synthetic Material Co. Limited (BlueStar), BASF SE, Evonik Industries AG, DuPont, Lanxess AG, Mitsubishi Chemical Corporation, Sahara International Petrochemical Corporation, Celanese Corporation etc. High demand and supply gap for PBT in India portrays huge opportunity for new manufacturers to emerge in the India PBT Market and consolidate high revenues.

“Polymer and Resin sector following Pharmaceuticals and Specialty Chemicals has been one of the most leveraged sectors in the chemical and petrochemical industry amidst Coronavirus crises. The persistent demand for various plastics for packaging and medical applications has upheld the revenue to a significant percent in the middle of dive in demand for various chemical and petrochemical products. Consequently, the demand for another highly preferred polymer and resin, PBT has witnessed gradual fluctuations but has managed to maintain stability due to increasing consumption from its major consuming electrical and electronic industry. The disruption in trade dynamics caused by Covid-19 from China, the largest supplier of electronic goods in India, initially made the domestic manufacturers to upscale their production to grapple the sudden demand and supply gap. This ramped up production thus led to a sudden increment in consumption of PBT along with other polymers utilized in the electrical and electronic sector in the final quarter of FY 20. However, the lockdown implemented by Indian government to combat the virus has caused devastating effects to the demand for PBT from automotive as well as electrical and electronic sector as an effect of halt in production implemented by end-user industries in compliance to the government norms. This temporary slump in demand is anticipated to witness a gradual recovery in the coming years as India is keener to rely on domestic manufacturing of goods to consolidate high economic value for the nation hence, pushing up the domestic production and consumption of PBT in electronic and electrical sector.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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Source : ChemAnalyst